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Seadrill: Sevan Bribery Causes Headache And Potential Exposure

2015-10-19 13:17:21| Energy - Topix.net

SDRL appears to be at peace with Petrobras, and while embarrassing, the Company was not culpable and will likely only have to disgorge illegal profits . On October 16, Sevan Drilling, an underwater drilling company 50.1% owned by Seadrill , issued a press release announcing it had been accused of breaches in the Norwegian Criminal Code "in respect of payments made in connection with the performance during 2012 to 2015 of drilling contracts originally awarded by Petrobrasto Sevan Marine ASA in the period between 2005-2008".

Tags: potential exposure headache bribery

 

Seadrill: Sevan Bribery Causes Headache And Potential Exposure

2015-10-19 12:42:49| Oil & Gas - Topix.net

SDRL appears to be at peace with Petrobras, and while embarrassing, the Company was not culpable and will likely only have to disgorge illegal profits . On October 16, Sevan Drilling, an underwater drilling company 50.1% owned by Seadrill , issued a press release announcing it had been accused of breaches in the Norwegian Criminal Code "in respect of payments made in connection with the performance during 2012 to 2015 of drilling contracts originally awarded by Petrobrasto Sevan Marine ASA in the period between 2005-2008".

Tags: potential exposure headache bribery

 
 

China Southern Airlines says executive vice-president removed over bribery probe

2015-10-16 19:21:59| Airlines - Topix.net

Liu Qian is the fifth senior executive to fall at China Southern Airlines since a graft probe began late last year. Photo: EPA China Southern Airlines said on Friday evening that its executive vice-president Liu Qian had been removed from his position while a corruption investigation against him is under way, after the South China Morning Post reported on Monday that Liu had been taken away.

Tags: china executive removed southern

 

Chinese oil firm executives get 16, 20-year jail terms in bribery case

2015-10-13 23:10:38| Energy - Topix.net

Employees work on a slant producing well at MacKay River oilsands about 97 kilometres north of Fort McMurray in northern Alberta. A Chinese court sentenced a former senior executive of state oil company China National Petroleum Corp. on Tuesday to 20 years in prison after finding him guilty of corruption.

Tags: terms case firm chinese

 

Chinese oil firm executives get 16, 20-year jail terms in bribery case

2015-10-13 20:40:15| Oil & Gas - Topix.net

Employees work on a slant producing well at MacKay River oilsands about 97 kilometres north of Fort McMurray in northern Alberta. A Chinese court sentenced a former senior executive of state oil company China National Petroleum Corp. on Tuesday to 20 years in prison after finding him guilty of corruption.

Tags: terms case firm chinese

 

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